KARACHI: Pakistan Yarn Merchants Association (PYMA) on Friday demanded the State Bank of Pakistan (SBP) to cut interest rate to provide relief to coronavirus hit economy of the country. In a statement Saqib Naseem, Central Chairman Pakistan Yarn Merchants Association (PYMA), while expressing deep concern over the non-reduction of interest rates by the SBP despite […]

KARACHI: Pakistan Yarn Merchants Association (PYMA) has demanded the government to reduce customs duty and abolish anti-dumping duty on import of polyester yarn. In a statement on Friday, Saqib Naseem, Central Chairman Pakistan Yarn Merchants Association (PYMA), Muhammad Junaid Teli, Vice Chairman, Sind & Balochistan region, has urged the government to cut the customs duty on […]

KARACHI: Saqib Naseem has been elected unopposed central chairman of Pakistan Yarn Merchants Association (PYMA) while Javed Asghar elected senior vice chairman for the year 2021-22. According to PYMA announcement, Muhammad Junaid Teli was elected as vice chairman for Sind and Balochistan region and Awais Nisar, vice chairman for Punjab & KPK region. The other […]

KARACHI: Pakistan Yarn Merchants Association (PYMA) on Tuesday demanded the government to allow duty free import of cotton and cotton yarn through land routes, including India. The PYMA appealed to Prime Minister Imran Khan to take steps to reduce the cost of production of the value-added textile industry, in view of the shortage of cotton, […]

KARACHI: Pakistan Yarn Merchant Association (PYMA) has demanded the government of immediate reduction in duty rates on import of polyester filament yarn to ensure bring down prices of the commodity. Hanif Lakhany, Senior Vice Chairman PYMA and Vice Chairman Farhan Ashrafi urged the government to immediately remove additional customs duty at two percent and regulatory […]

KARACHI: Pakistan Yarn Merchants Association (PYMA) has demanded incentives in rates of duty and taxes in order to reduce the cost of production, according to a statement issued on Thursday. The issues were raised at a meeting of yarn merchants with Member Inland Revenue (Operations) Federal Board of Revenue (FBR) held last week. The office […]